The reward tokens of the Shiba Inu (SHIB) ecosystem have returned all the losses of the past months in a single day. Rally up to 130 percent continues to stay hot with the listing news.
The Shiba Inu (SHIB) token has not yet finished the rally with this announcement
Shiba Inu ecosystem token BONE is running out after rallying 130% in the last two days. However, a new day brought more positive news for its investors. BONE is the biggest potential of the ShibaSwap project. cryptocoin.com As you can see from , he completed a 2x run in the last 48 hours, independent of the market as a whole. Moreover, we saw BONE price break the $2 resistance during the rally. The surprise price action of the Bone ShibaSwap (BONE) price left a mark on the chart as follows.
BONE is now preparing for more
Hong Kong-based major crypto exchange LBank was known to list BONE, following the latest example from other industry neighbors such as MEXC and BlueBit. Depositing and trading BONEs on LBank can be done immediately today, while investors will have to wait until September 2 for token withdrawals.
🌈 New #listing
⛵️ $BONE(Bone ShibaSwap) will be listed on LBank！@Shibtoken
BONE is a governance token of Shibaswap ecosystem which will allow the #ShibArmy to vote on upcoming proposals.
👉 Details: https://t.co/h1Ic6rWgPP pic.twitter.com/ksNyLohQ4K
— LBank.com (@LBank_Exchange) August 31, 2022
Undoubtedly, further expansion of BONE on large and medium crypto exchanges will increase its liquidity. On the one hand, it will correct the possible strong price increases, and on the other, it will charge them with even more fuel, especially given the characteristics of the projects created under the wing of the Shiba Inu.
BONE price review
BONE has seen some correction right after it exploded 130% in the previous two days. Currently BONE is trading at $1.9 per unit. It’s too early to tell what level the listing news will go to. Meanwhile, the sales that followed the rally fell short at a certain point. That said, new listing announcements are coming in every day. Given the uncertain market conditions coupled with the unpredictable behavior of such cryptocurrencies, it is impossible to predict the future price action of BONE. However, in the BONE story, strong fundamental events such as the long-awaited Shibarium launch can be considered hidden triggers for further turmoil in the crypto market.
Whales keep buying SHIB again
Shiba Inu whales are waking up again, according to data from IntoTheblock. Seventy-five major transactions have taken place in the last 24 hours, referring to transactions over $100,000. Large transactions often act as a proxy for whales or the activities of major players. An increase in this metric usually indicates increased activity of whales who are buying or selling. It is noteworthy that Shiba’s impressive rise in early August was driven by a large increase in large transactions. On-chain analytics firm Santiment noted this shortly after the Shiba Inu rose 35%.
